Note 12 - Net Loss Per Share

3 Months Ended

Dec. 31, 2015

. Net Loss Per Share

Basic and diluted net loss per share is computed as follows:

	Three Months Ended
(in thousands, except per share data)	December 31,
	2015			2014
Net loss	$	(1,348	)	$	(2,110	)
Accrued dividends on convertible preferred stock		(32	)		(21	)
Net loss applicable to common shareholders	$	(1,380	)	$	(2,131	)

Weighted average common shares outstanding - basic		5,165			4,343
Effect of dilutive securities		-			-
Weighted average common shares outstanding - diluted		5,165			4,343

Net loss per share attributable to common shareholders:
Basic and diluted	$	(0.25	)	$	(0.49	)

Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding. Diluted net income per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and warrants using the “treasury stock” method. The computation of diluted earnings per share does not include the effect of outstanding stock options and warrants that are anti-dilutive

For the three months ended December 31, 2015, there were no options to purchase shares of the Company’s common stock considered as dilutive, as the options were all valued at less than the current market price. Warrants to purchase 693,281 shares of common stock and contingent shares to be issued in connection with prior acquisitions of ElementsLocal have also been excluded as they are anti-dilutive to the Company’s net loss. Also, excluded in the computation of diluted loss per share are the Series A convertible preferred stock shares as they are anti-dilutive to the Company’s net loss.

For the three months ended December 31, 2014, options to purchase shares of the Company’s common stock of 2,433

were excluded from the computation of diluted net loss per share as the effect was anti-dilutive to the Company’s net loss.

Warrants to purchase 363,278 shares of common stock and contingent shares to be issued in connection with prior acquisitions of Marketnet, Magnetic and ElementsLocal have also been excluded as they are anti-dilutive to the Company’s net loss. Also, excluded in the computation of diluted loss per share are the Series A convertible preferred stock shares as they are anti-dilutive to the Company’s net loss.